The trader and the market
The reality is that the numbers do not lie, almost 90% of those who are starting for the first time in the financial markets like Forex just fail and lose their hard earned money. In fact, there are only a few traders who makes huge profits and live comfortably with this activity. The question that comes to mind then, is why many people fail when begin to trade in the market?
In my opinion it is not a matter of intelligence, since even highly intelligent and prepared people is swept by the market very easily. In fact it is not uncommon to see doctors, lawyers, economists, engineers and similar losing large amounts of money constantly, money that they can not afford to let go as if nothing. It is also possible to find people whose skills and academic preparation is not the best, but they have being successful market speculators and therefore earns tons of money.